Question
Foud Limited has the following results. Trading profit (loss) Bank deposit interest accrued Rents receivable Year ended 31.3.2018 9,300 120 2,130 9 months to
Foud Limited has the following results. Trading profit (loss) Bank deposit interest accrued Rents receivable Year ended 31.3.2018 9,300 120 2,130 9 months to 31.12.2018 0 0 6,480 360 2,160 11,520 1,500 Year ended 31.12.2019 (150,000) 390 2,400 0 Chargeable gain Qualifying charitable donations Required: Compute all taxable total profits, claiming loss reliefs as early as possible. State the amounts of losses carried forward as at 31 December 2019. 2,250
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Financial and Managerial Accounting the basis for business decisions
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